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Key selling points
- Recently fully Refurbed Property!!
- Property Ready to Let!
- Deposit UNDER £10,000...
- Great Rental Demand
- Excellent Potential for Strong Capital Growth!!
- Superb Long Term Investment!!
We have sourced a recently refurbished 2 bed terrace property, that should let time and time again!! Refurbishment including new bathroom, new kitchen, new central heating system, carpets & décor. The property has the benefit of gas central heating and double glazing briefly comprising:- Entrance, lounge, fitted kitchen and three piece bathroom. To the first floor there are two bedrooms. Externally there is a yard to the rear and on street parking to the front. We would expect that a property of this type in this area would let for around £90/week OR £390/month and we have a management agent in place to manage the property on completion.
Cash Flow
Purchase price - £65,000
Deposit - £9,750
Rent - £368/month
85% Mortgage at 5.3% - £244/month
Management 10% - £37
Insurance - £15
Net Income - £72
This high yielding investment property will provide a net income of just OVER £70 a month, after all costs. We source more high yielding buy to let deals in the UK than any other company, and have a proven track record. We regularly feature in the property magazines in the UK, and only source in local hotspots where our local finders operate from, and in areas we invest in ourselves.
The North East has excellent rental property and continued strong capital growth offering fantastic value to buy to let investors. As with any property of this type and age we would recommend that investors always allow up to £1000 for points that may be raised in the survey.
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